Bitcoin has been consolidating since falling to a low of 166.45. After popping up above 300 briefly, it has been consolidating in February. (click to enlarge) In April, bitcoin made another push after failing to clear below 210 several times as we can see in the 4H chart above. Here are some other observations:
1) Price has rallied and held above the 200-, 100-, and 50-period simple moving averages (SMAs). This usually reflects bullish bias, […]
